Bill
Bill > H0540
ID H0540
ID H0540Adds to existing law to provide for a rebate of certain sales taxes to a developer of a fulfillment center for certain approved transportation improvements.
summary
Introduced
02/24/2020
02/24/2020
In Committee
02/28/2020
02/28/2020
Crossed Over
Passed
Dead
03/20/2020
03/20/2020
Introduced Session
2020 Regular Session
Bill Summary
SALES TAXES -- Adds to existing law to provide for a rebate of certain sales taxes to a developer of a fulfillment center for certain approved transportation improvements.
AI Summary
This bill adds a new section to Idaho's sales tax law to provide a rebate of certain sales taxes to a developer of a fulfillment center complex. The rebate is available for the developer's expenses incurred for the installation of approved transportation improvements, such as the construction of a highway interchange or highway improvements, associated with the development of the fulfillment center. The rebate is limited to 60% of the sales and use taxes remitted by new retailers and existing retailers operating within the development area, up to a maximum of $35 million. The rebate payments are made from a newly created Fulfillment Center Pilot Project Fund.
Committee Categories
Budget and Finance, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue and Taxation Committee (House)
Last Action
U.C. to hold place on third reading calendar one legislative day (on 03/18/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2020/legislation/H0540/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2020/legislation/H0540.pdf |
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